USO United States Oil Fund LP Daily Chart Analysis: 2026-Mar-08 18:09 CT

Price Action

• Last: 108.27,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Mar

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt High 108.27,
• 4. Pvt. Next: Pvt Low 105.14,
• 5. Levels R: 108.98, 100.00, 98.85, 95.18, 78.03, 76.18, 75.14, 74.46, 71.00,
• 6. Levels S: 81.33, 77.53, 73.64.

Daily Benchmarks

• (Short-Term) 5 Day: 98.44 Up Trend,
• (Short-Term) 10 Day: 94.02 Up Trend,
• (Intermediate-Term) 20 Day: 81.34 Up Trend,
• (Intermediate-Term) 55 Day: 75.44 Up Trend,
• (Long-Term) 100 Day: 73.14 Up Trend,
• (Long-Term) 200 Day: 73.64 Up Trend.

Additional Metrics

• ATR: 138,
• VOLMA: 2577640.

Overall Rating

• Short-Term: Bullish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

USO has experienced a dramatic surge, with price action showing large bars and fast momentum, indicating a strong and aggressive move higher. All benchmark moving averages across short, intermediate, and long-term timeframes are in clear uptrends, confirming broad-based strength. Swing pivot analysis shows both short-term and intermediate-term trends are up, with the most recent pivot high at 108.27 and the next potential pivot low at 105.14, suggesting the market is in a strong trending phase with higher highs and higher lows. Resistance levels are now well above prior consolidation zones, and support has shifted significantly higher, reflecting the recent breakout. The ATR is elevated, and volume has spiked, signaling increased volatility and participation. Overall, the technical landscape is decisively bullish across all timeframes, with the recent breakout likely driven by a combination of technical momentum, possible news catalysts, and seasonal or macro factors. The market is in a trend continuation phase, with little evidence of reversal or exhaustion at this stage.